Cohen Ex Splits With Lawyers

May 14 2013 | 10:37am ET

Steven Cohen's ex-wife is in need of a new lawyer to handle her lawsuit against the SAC Capital Advisors founder—again.

Howard Foster and Matthew Galin, who have served as Patricia Cohen's lawyers since 2010, have asked a Manhattan federal court judge for permission to withdraw from the case. The two said their split with Cohen was "a mutual decision" and that Cohen planned to hire a new lawyer within 30 days.

Patricia Cohen's explosive lawsuit against her ex-husband was reinstated last month. In the racketeering suit, she alleges that Steven Cohen hid $5.5 million from a real-estate settlement during their 1991 divorce, and is seeking $8.5 million in damages. The suit, in which Patricia originally sought a controlling stake in SAC, was dismissed in 2011, but was revived by a federal appeals court in April.

Foster has been Cohen's longest-serving lawyer since she brought the case in 2009. Late last month, the New York Post reported that she was interviewing trial lawyers about joining the case, although Foster had been given the option to remain on it. She previously parted ways with two other lawyers.

SAC has called the lawsuit little more than an extortion attempt.


In Depth

Q&A: Neil Azous Talks Global Macro Investing

Nov 24 2014 | 12:41pm ET

Neil Azous is the founder and managing member of Rareview Macro, an advisory firm...

Lifestyle

Griffin Selling Chicago Apartment

Nov 26 2014 | 11:40am ET

Citadel Investment Group’s Kenneth Griffin is making clear to his estranged wife...

Guest Contributor

Why The Big Money Is Going To Europe

Nov 14 2014 | 6:03am ET

Peer-to-peer lending was invented with the individual investor in mind. But despite...

 

Sponsored Content

    For Hedge Funds, Mastering Data Is Key To Success

    Nov 4 2014 | 9:45am ET

    Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

November 2014 Cover

Building a better market

Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.